DAVID ROSENBERG INTERVIEW
31 July 2009 by Cullen Roche
1 Comment
As always, interesting thoughts from David Rosenberg:
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Comments
Prag, you do not care about whether GDP contracts 1% or whatever… you do not care whether it registers a positive number right? All I know that if a “recovery” happens GDP growth will be less than 2.5% and 1.5% might be too optimistic. 1% is what I expect… I do not think that will be enough to revive sentiment.
I am more interested in the trade data though.
Of course, I am framing the context of the question in regards to trading.
Employment is going to be bad. I understand what I think of the US situation… look up “Japanese herbivore men” and “hikikomori” and it will be worse than that. That’s what you get in a deflationary environment.